The parent company of Indianapolis-based recruiting software firm Jobvite has acquired two other talent-related startups and combined them into one company—although Jobvite’s local operations won’t be affected, a spokeswoman said.
The merged firm will maintain the three brands—Jobvite, JazzHR and NXTThing RPO—as well as operations in their respective communities, the company said.
However, JazzHR’s Pete Lamson has been named CEO of the combined company. Aman Brar of Indianapolis, who had been CEO of Jobvite since it acquired his startup, Canvas Talent Inc., in 2019, will serve on the combined company’s board.
Manhattan Beach, California-based K1 Investment Management, the private investment firm that now owns all three brands, did not release terms of the deal.
In a press release, the company said that it is making additional investments to fund hiring in all three of the brands.
Jobvite announced in March that it had moved its headquarters from San Mateo, California, to Indianapolis and planned to boost its local workforce by about 200 employees by the end of 2024.
At that time, the Indiana Economic Development Corp. offered Jobvite up to $6.8 million in conditional tax credits based on the company’s job-creation plans, which included credits for hiring that had taken place over the past two years.
Jobvite said then that it had already hired about 100 people in Indianapolis, bringing its total employment to about 125. According to the contract signed with the IEDC, Jobvite was expected to invest more than $3 million in its local operations and hire 327 people by the end of 2024.
A company spokeswoman, Ashley Shuler, said that won’t change.
“There are no planned changes to the business or employees as a result of these new investments,” Shuler said in an email. “This is an exciting time, and we are counting on every employee to help the new business continue to grow and surpass its potential.”
Jobvite provides recruiting technology to attract, engage, hire and retain employees. Its Indiana customers include IU Health, MacAllister Machinery and Lessonly. The company said last month that it had facilitated more than 3,000 hires in 2020 for Indiana-based companies.
JazzHR, based in Pittsburgh, creates recruiting software for small to mid-sized companies. NXTThing Pro, based in New Albany, Ohio, is a recruitment process outsourcing company.
Correction: This story has been corrected to reflect that K1 Investment Management already owned Jobvite and has acquired two additional recruiting-technology firms. You can see all of our corrections here.